SOLD
Sold on 26 Feb 2024 for $1,800,000

4/6 Bourke Street
Mascot NSW 2020

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 128m2
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Property Details for 4/6 Bourke St, Mascot

Building Type
Commercial
Year Built
2019
Land Size
128m2
Local Government
Bayside
Lot/Plan
2/SP99270

Last Listing description (November 2024)

This shop is located in the core commercial area of Mascots main street, offering a prime location. Positioned just 30 meters east of Mascot train station, its incredibly convenient for commuters and shoppers alike. The surrounding area is well-developed, with thousands of residential units nearby and major retail brands such as Woolworths, Dominos, and Priceline, creating a vibrant commercial atmosphere with a steady flow of foot traffic an ideal setting for business growth.

The shop features an interior area of 84 sqm and an exterior area of 16 sqm, totaling 100 sqm. Additionally, it comes with two exclusive parking spaces, which is convenient for customers and adds long-term operational value. Complete with a grease trap, ventilation system, and a private restroom, the shop is fully equipped and highly adaptable, suitable for a range of businesses, including restaurants, retail stores, and supermarkets.

The current tenant operates a Japanese restaurant and has signed a 5+5 year lease, ensuring stable rental income.

The current tenant also covers all operating expenses, including strata levies, council rates, water, and electricity, meaning the owner can enjoy net rental income without worrying about outgoing expenses.

Overall, this shop offers remarkable advantages in terms of location, rental income stability, and versatile business potential. Located in the heart of Mascots commercial district, this is not only a premium property but also a solid choice for long-term value appreciation.

Council: Approx. $220/Q
Water: Approx. $220/Q
Strata: Approx. $1,060/Q

Property ID: s-26

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Property History for 4/6 Bourke St, Mascot, NSW 2020

A timeline of how this property has performed in the market
Last Sold
$1,800,000
26 Feb 2024
  • 13 Nov 2024
    Listed for Sale Contact Agent
  • 26 Feb 2024
    Sold for $1,800,000
  • 22 Nov 2017
    Sold for $1,336,500

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About Mascot 2020

The size of Mascot is approximately 12.1 square kilometres. It has 29 parks covering nearly 1.7% of total area. The population of Mascot in 2011 was 10,178 people. By 2016 the population was 14,792 showing a population growth of 45.3% in the area during that time. The predominant age group in Mascot is 20-29 years. Households in Mascot are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Mascot work in a professional occupation. In 2011, 64.6% of the homes in Mascot were owner-occupied compared with 49.5% in 2016.

Mascot has 11,665 properties. Over the last 5 years, Houses in Mascot have seen a 39.02% increase in median value, while Units have seen a 3.08% increase. As at 31 October 2024:

  • The median value for Houses in Mascot is $1,830,264 while the median value for Units is $876,053.
  • Houses have a median rent of $925 while Units have a median rent of $950.
There are currently 66 properties listed for sale, and 73 properties listed for rent in Mascot on OnTheHouse. According to CoreLogic's data, 627 properties were sold in the past 12 months in Mascot.

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